Wouldn’t it make more sense for Venezuela to attach their dollar to the US dollar??
Panama does.
Venezuela has ideological differences with the US. Bitcoin has no ideology.
Tying Venezuala’s currency to the dollar implies that they have access to the US banking system. As long as they are under sanctions for political differences with the US government, that access will be limited to almost nil. Extending that point by asking the question:. Why do you suppose the IRS is warning US taxpayers about disclosing their Bitcoin transactions. Answer:. Organized crime doesn’t like competition and neither does the US banking system.